1. Life skill presentation
BITCOIN
Block Chain Management
Submitted by,
Roshan Jose
S3 EC
Roll No. : 53

3. DIGITAL CURRENCY,
CREATED AND HELD ELECTRONICALLY

4. Who?
 SATOSHI NAKAMOTO

5. Features No one controls it. aren’t printed
lots of people running computers all around the world, using software that solves mathematical problems

6. What makes it different from normal currencies?
decentralization

7. Who prints it?
One No

8. But Bitcoin Isn’t Based On Gold; It’s Based On Mathematics.

9. characteristics? It's Decentralized It's Easy To Set Up It's Anonymous
It's Completely Transparent
Transaction Fees Are Miniscule
It’s Fast
It’s Non-repudiable

10. Why Use Bitcoin? It’s fast Its cheap You can create your own money
You own it
You don’t need to trust anyone else
It’s as private as you want it to be
It isn’t inflationary

11. Block Chain Management
Blockchain is a technology for a new generation of transactional applications that establishes trust, accountability and transparency while streamlining business processes.
It is a design pattern made famous by bitcoin

13. Parts of Transaction Balances - block formation
Transactions - signature
Broadcasting
Processing - mining- cryptographic hash
Conformation- validation
Updation
Payment
Reward

14. ADVANTAGES OF BLOCKCHAIN
Disintermediation & trustless exchange
Two parties are able to make an exchange without the oversight or intermediation of a third party, strongly reducing or even eliminating counterparty risk.
Empowered users
Users are in control of all their information and transactions.
High quality data
Blockchain data is complete, consistent, timely, accurate,widely available.

15. How is it safe??
Thousands of high speed computers are solving cryptographic problems to update blocks.
For updating the block by hacking all the previous blocks have to be altered.
The block updation is adopted by all members and any discrepancy is voted upon.
Its impossible to get majority by a hacker over thousands of miners.